High govt wage bill to choke economy

High govt wage bill to choke economy
Published: 31 May 2018
ZIMBABWE'S faltering economy could suffer serious fresh shocks, with civil service salaries threatening to hit a staggering 120 percent of national budget and thus endangering critical social services, including hospital drug supplies and infrastructure reform programmes.

This comes as Harare's first quarter trade deficit hit $1 billion while the public-sector wage bill continues to skyrocket, with President Emmerson Mnangagwa's government making unbudgeted for, election-related salary concessions to the country's restless civil servants. 
- fingaz
Tags: Economy,


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